The Dogecoin Foundation is seeking major sponsors in 2025 to fund the development of Dogebox, a decentralized payment infrastructure aimed at mass adoption of Dogecoin among small and medium-sized businesses. The foundation plans to onboard one million retailers to accept Dogecoin as a direct payment layer. The amount of funds sought by the developers is unknown at this time. Dogecoin is currently trading at $0.40, down 3% in the past 24 hours. The Dogecoin Foundation has previously received capital injections from Ethereum founder Vitalik Buterin and an anonymous Dogecoin mega-holder, but it is uncertain if they will continue to sponsor the foundation. Dogebox will enable retailers to self-host online stores, integrate Dogecoin into existing payment systems, and reward node operators for participating in decentralized transactions. The development of Dogebox is part of the Dogecoin Foundation's broader plan to grow the Dogecoin ecosystem and increase its global scalability.
- Content Editor ( decrypt.co )
- 2024-11-26
Dogecoin Foundation Seeks Backing to Fuel 2025 Plans